Rugby Resources Ltd. is pleased to report that recent surface sampling at Cobrasco has yielded significant copper/molybdenum assay results. In addition, a new molybdenum stockworked porphyry occurrence has been identified approximately 1 kilometre northeast of the Cobrasco Central drilling area. Reconnaissance mapping indicates the new molybdenum porphyry may represent a continuation of the primary mineralization intersected in drill holes approximately 1 km to the southwest . Figure 1: RTP aeromagnetics and the interpreted structural model showing Locations of recent rock samples in the north of Cobrasco concession area. The Molybdenum anomaly previously defined in the northern central area has now been extended to the NE. Please click to view image Highlights Assays were re...

Marimaca Copper Corp. is pleased to announce its regional exploration strategy for 2024. Following a comprehensive review and reinterpretation of historical geological information, the Company's regional priority for 2024 will be further exploration at the Sierra de Medina property block , located approximately 25km from the Marimaca Oxide Deposit . The Company believes that the property position has discovery potential in an emerging belt of large scale manto-type copper deposits in the Chilean Coastal Cordillera. SdM, along with the Marimaca-type satellite discoveries made in 2021 including Mercedes, provide an organic exploration pipeline for Marimaca, which will be evaluated in parallel with the development of the MOD. Highlights Full geological review completed of Marima...

Thesis Gold Inc. is very pleased to announce the appointment of William Lytle as Non-Executive Chairman of the Board. Ewan Webster, President and CEO, shared, "On behalf of the Board, I would like to warmly welcome Bill to the Board. With an impressive track record and currently the Senior Vice President & Chief Operating Officer of B2Gold Corp. , Bill brings unparalleled expertise in managing mining and engineering operations from development to closure. His extensive experience in overseeing engineering due diligence, construction, and operations aligns seamlessly with our vision for growth and success and will be a welcome addition to the Board." About Bill Lytle Mr. Lytle is currently the Senior Vice President & Chief Operating Officer of B2Gold. Bill manages all mining a...

Carolina Rush Corp. is pleased to report initial assay results from drilling on the recently identified Tanyard breccia zone located south of the historic Brewer mine in South Carolina. The Tanyard Zone is a new diatreme breccia zone identified about 150 m south of the Brewer pit. The breccia was recognized in drill hole B21C-015 in 2021, intersecting 62.4 m of 1.03 g/t Au and 0.15% Cu from 44.6 m . The Company recently completed drill holes 21 and 22 following up on these encouraging results . Both holes successfully intersected the diatreme breccia and contain strong sulfide and visible copper mineralization. Drill results include: B23C-021: assays delayed; B23C-022: 56.0 m @ 0.7 g/t Au and 0.11% Cu from 49.0 m. including 27.0 m @ 1.01 g/t Au and 0.13% Cu. Patrick Quigley, ...

Contact Gold is pleased to announce that it has entered into a definitive arrangement agreement dated Feb 25, 2024 with Orla Mining pursuant to which Orla has agreed to acquire all of the issued and outstanding common shares of Contact Gold by way of a court-approved plan of arrangement at an implied value of $0.03 per Share based upon the ten-day volume weighted average prices of each company as of February 23, 2024. Pursuant to the terms of the Definitive Agreement, Contact Gold shareholders will receive 0.0063 of a common share of Orla for each Share held . The Exchange Ratio represents a substantial premium of 106% to Contact Gold shareholders, based upon the closing prices for each company on the TSX Venture an...

Calibre Mining Corp. is pleased to announce exciting drill results from its 2023 resource expansion and infill program at the Tigra, Limon Norte and Pozo Bono open pit deposits located next to the Limon processing plant. These high-grade intercepts combined with the recent positive news from the Panteon VTEM Gold Corridor, demonstrate that the entire Limon district remains open for expansion and discovery. Drill intercept highlights from the Tigra, Limon Norte and Pozo Bono targets include: 68.72 g/t Au over 2.0 metres Estimated True Width and 16.49 g/t Au over 5.9 metres ETW including 26.71 g/t Au over 3.5 metres ETW in Hole LIM-23-4875; 18.68 g/t Au over 5.9 metres ETW including 55.68 g/t Au over 2.0 metres ETW in Hole LIM-23-4876; 9.26 g/t Au over 5.0 metres ETW including ...

Dundee Precious Metals Inc. today reported new assay results from its ongoing infill drilling program at ?oka Rakita in eastern Serbia, where DPM recently announced an Inferred mineral resource estimate of 1.8 million ounces of gold.1 The Company also reported results from the scout drilling program at the Dumitru Potok and Frasen prospects, which are located on the ?oka Rakita licence and are approximately 1.0 to 1.5 kilometres north of the ?oka Rakita deposit. Highlights Strong high-grade intercepts from infill drilling at ?oka Rakita, that continue to confirm and extend the high-grade core, including: RIDD052A - 81 metres at 50.57 g/t Au and 0.15% Cu from 122 metres2 RIDD052 - 85 metres at 8.80 g/t Au and 0.13% Cu from 411 metres RIDD50A - 45 metres at 10.08 g/t Au from 219...

13.7% Zn, 0.6% Cu, 17.5 g/t Ag Over 57.8 m i-80 Gold Corp. is pleased to announce high-grade results from the final three holes completed as part of the multi-year drilling program targeting polymetallic mineralization at the Company's 100%-owned Ruby Hill Property located in Eureka County, Nevada. These holes will be included in an initial resource estimate for the polymetallic mineralization contained within the Property. The final three holes were drilled in the East Hilltop Zone, the most recently discovered of the Hilltop deposits, where both Carbonate Replacement Deposit and skarn mineralized horizons have been identified - both of which remain open for expansion. Highlight results from final three holes include: 0.2% Zn, 6.3% Pb, 180.0 g/t Ag & 2.2 g/t Au Over 5.0 m 6....

Orla Mining is pleased to announce that it has entered into a definitive arrangement agreement with Contact Gold whereby Orla will acquire all of the issued and outstanding common shares of Contact pursuant to a court-approved plan of arrangement. Contact's key asset is the 100%-owned Pony Creek property, a 4,500 ha exploration land package, strategically located adjacent to Orla's South Railroad property in the heart of the Carlin trend in Nevada. Contact also owns the Green Springs property located in the southern end of the Cortez trend. Green Springs is an early-stage exploration project where Centerra Gold currently has a right to earn into 70% of the project thr...

TORONTO, Feb. 26, 2024 /CNW/ - Vale Base Metals informs that Vale Canada Limited signed a Definitive Agreement with PT Mineral Industri Indonesia and Sumitomo Metal Mining Co., Ltd. regarding the divestment obligation of PT Vale Indonesia Tbk . Under the Agreement, VCL and SMM will divest approximately 14 per cent pro-rata combined equity interest in PT Vale to MIND ID. Upon completion of the transaction, MIND ID will hold approximately 34 per cent of PT Vale's issued shares, making it the largest shareholder in the company. VCL and SMM will hold 33.9 per cent and 11.5 per cent, respectively. Approximately 20.6 per cent will continue to be held by the public on the Indonesia Stock Exchange. Transaction background In October 2014, PT Vale signed an amendment to its 1996 Contract of Work wit...

Falcon Gold Corp. is pleased to report a corporate update letter in an address to shareholders from its Chief Executive Officer Karim Rayani. Dear Shareholders, As we reflect on the successes and challenges of 2023, I'm pleased to share with you the progress and objectives for the ensuing year ahead. We are in the midst of what looks like a favorable macroeconomic environment for gold and precious metals including factors such as economic uncertainty, inflationary pressures, and geopolitical tensions. Yet a perplexing disparity persists for companies despite the favorable backdrop as metal prices head higher, market capitalizations continue to struggle creating unprecedented opportunities in the resources sector. Additionally low interest rates can weaken the purchasing power...

SouthGobi Resources Ltd. Reference is made to the announcements of the Company dated July 31, 2023 and August 18, 2023 in relation to the Mongolia tax audit. As previously disclosed in the Company's Announcement, on July 18, 2023, the Company's wholly owned subsidiary in Mongolia, SouthGobi Sands LLC , received a notice from the Mongolian Tax Authority relating to a periodic tax audit on certain of SGS's financial information between 2017 and 2020, including transfer pricing, royalty, air pollution fee and unpaid tax payables . The MTA notified SGS that they are imposing a tax penalty against SGS in the amount of approximately US$75.0 million as a result of the Audit. On August 17, 2023, SGS filed an appeal letter in relation to the Audit with the MTA in accordance with Mongo...

Kalo Gold Corp. is pleased to announce that, based on the results of recent compilation work, the gold mineralization of the Qiriyaga Hill Deposit is located between two interpreted volcanic centres and sits immediately east of the newly interpreted Vunisea Fault . The Vunisea Fault is associated with a >1,200 metre north-northeast trending untested soil anomaly . The Vunisea Fault potentially acted as a metal-bearing epithermal fluid conduit or "feeder zone" that then spread laterally to the east into layers of porous tuffs, volcanic breccias and limestone layers, thereby creating the Qiriyaga Hill Deposit. Historically, drilling at Qiriyaga Hill was solely focused on the development of a shallow open pit gold mining operation over approximately a 400m strike length and t...